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PancakeSwap: The supply of CAKE decreased by 472,000 in April, marking the eighth consecutive month of reduction
Bitget2024/05/09 05:08
The official announcement from PancakeSwap states that as of May 6, 2024, PancakeSwap has successfully destroyed 0.123% of the total CAKE supply, marking eight consecutive months of reduction in the total CAKE supply with a decrease of 2,575,069 CAKE tokens. In April 2024, the net minting amount for PancakeSwap was -472,010. This negative net minting indicates that more CAKE tokens were destroyed than minted during that month.
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